Backpack CEO Armani Ferrante said that if the project team is only looking for an exit window, delaying the TGE is indeed possible; but if the goal is long-term development and truly winning the market, the TGE should be as early as possible. He said that if the project team is worried about FUD, it’s best not to issue tokens from the start. He said that he has done minting and the TGE multiple times near the highs in a bear market and believes that market timing is not as important as outsiders think.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 2
  • Share
Comment
Add a comment
Add a comment
StakingSparrow
· 9h ago
Minting near the peak... This experience could be turned into a horror story.
View OriginalReply0
GateUser-7df43e29
· 9h ago
Postponing TGE = Looking for a way out; this judgment is a bit harsh, but the market is indeed punishing procrastination.
View OriginalReply0
PatchNotes
· 9h ago
Armani's words are assertive, but the courage to issue tokens at the market high in a bear market isn't something everyone has.
View OriginalReply0
ExitLiquidityIntern
· 9h ago
Long-term builders are ecstatic; finally, someone dares to say that TGE is not the end but the beginning.
View OriginalReply0
LateAlphaCourier
· 9h ago
Early TGE really can filter out genuine builders—if you’re really afraid of FUD, you shouldn’t issue tokens.
View OriginalReply0